Does It Make Sense to Pre-Close a Personal Loan?
November 22, 2023 ⚊ 1 Min read ⚊ Views 48 ⚊ BUSINESS
Simply put, pre-closing a loan means paying off the loan amount ahead of the repayment schedule. It means the borrower pays the remaining loan amount as a lump sum instead of spending it in monthly installments. Most people think paying the remaining loan amount in one go is reasonable rather than paying the same in small installments at higher interest rates. Let’s find out more about this below. Read More:
Tags: #personaloan, #preclosepersonalloan
